【GAMUDA 5398 交流专区1】金务大

sy132100

还好今天丢得快！！！

sy132100

还好今天丢得快！！！

来富

S’gor’s water asset consolidation speeding up?                       

KUALA KUBU BHARU: The negotiations on the consolidation of Selangor’s water assets between the water concessionaires, the state and the federal government would be finalised by next week, Selangor Menteri Besar Tan Sri Abdul Khalid Ibrahim said.

“The deadline for this (concluding negotiation with water concessionaires) was on April 7 so I think next week, the state and federal governments will work together towards the finalisation of the restructuring of the water operations,” Khalid told the media after chairing the Selangor executive council meeting yesterday.

He said an announcement would be made a week after the deal was finalised.

Khalid maintained the stance that the issue was “still in the hands” of the federal and state governments to consider the bid for the water assets in Selangor.

He was asked to comment on the RM10.75 billion offer made by two shareholders who collectively own 70% of Syarikat Pengeluaran Air Sungai Selangor Sdn Bhd (Splash) three weeks ago to take over all the water assets in Selangor.

The two shareholders in Splash are Gamuda, which holds a 40% equity stake, and The Sweet Water Alliance Sdn Bhd, which is controlled by Tan Sri Wan Azmi Wan Hamzah.

The offer, which is RM1.53 billion more than the RM9.22 billion offered by the Selangor state government last year, is seen as a means of forcing both the state and federal governments to expedite the water asset consolidation exercise that has become a stalemate.

If Gamuda had meant to move the matter along, it certainly succeeded in prompting the responses of Khalid and also Minister of Water, Green Technology and Energy Datuk Seri Peter Chin Fah Kui.

Chin said Splash’s offer to buy out water assets in Selangor was against the spirit of the Water Services Industry Act 2006, which is aimed at promoting an asset-light environment for water companies.

Speaking to reporters after the opening ceremony of the Asia Water Exhibition 2010 yesterday, the minister said water companies should not own assets but to just focus on operations and maintenance.

Splash is one of Selangor’s water concessionaires and asset owners, alongside Puncak Niaga (M) Sdn Bhd (PNSB), Syarikat Bekalan Air Selangor Sdn Bhd (Syabas) and Konsortium Abbas Sdn Bhd.

PNSB and Syabas are controlled by Puncak Niaga Holdings Bhd, which in turn is controlled by Tan Sri Rozali Ismail. Puncak Niaga owns 70% of Syabas while Selangor state investment arm, Kumpulan Darul Ehsan Bhd (KDEB), holds the remaining 30%.

The Selangor state government was given the mandate to consolidate the water assets in February 2008. The change in the political landscape, with national opposition parties now ruling the state, has complicated the exercise.

Analysts said Gamuda’s offer to acquire all the water assets in Selangor was just a big show aimed at forcing both the federal and state governments to find a way out of a prolonged deadlock.

Gamuda’s objectives had been met through this episode as they already “knew it in their hearts that the government would not agree to the offer”, an analyst at a local research house told The Edge Financial Daily.

Splash’s offer raises expectation that the Selangor government will put forward a more reasonable offer, meaning higher than the offer that is already on the table.

Analysts said the proposed offer by Gamuda proved that things could actually move forward and water tariff can be maintained at current rates with only a 2%-3% annual increase.

“It would look stupid on the government to agree to Gamuda’s takeover offer. We’re talking about a strategic essential facility which will be privatised,” said the analyst, noting that the whole issue was politically sensitive.

Another analyst pointed out that Splash was an upstream player, so long as the issue is not resolved, it would be to its detriment.

The cash flow of Syabas also depended very much on scheduled water tariff hike, which was disputed by Selangor state government, the analyst added.

“Receivables are being accumulated on amount due by upstream players because of deferment of this water tariff hike. It only makes sense that they would want this issue to be brought to an end.

“The Selangor government should table a better offer. I mean, socialism is good — their objectives and all are good, but socialism also has to be a workable alternative to what we have today. It cannot just put everything on hold and nothing gets done in the end,” said a senior analyst.

Gamuda shares ended four sen higher at RM2.99 yesterday.


This article appeared in The Edge Financial Daily, April 8, 2010.

Hoga

回复 2418# shyboy123


   

金務大廢水處理
及城鎮計劃

與此同時，首相也見證金務大有限公司與河內市政廳，以及金務大越南公司簽署在黃梅縣建造廢水處理計劃和在河內發展城鎮計劃的簽約儀式；計劃成本估計5億美元。

金務大實業獲得320公頃的殷楚園（Yen So Park）計劃，以及污水處理廠工程，將河內南部轉變成商業和住宅核心。

sy132100

早知不丢！！！

zon5318

希望越南那边的销售很好，6月在标到几个几十亿的工程就好了 在5.00 等着你

Kenny3160

要起了吗？

来富

来了哦，好期待它怎样飚！

tenli

为什么对它那么有信心？

sunday365

很肯定..信心饱满

tenli

啊。。。
你买了多少？

Hoga

今天已站稳RM3.00，看来明天是时候要飙高了，接下来没发买到便宜货了。

sunday365

新凭单简直是派糖果 转换价折价29sen. 上市时新凭单可能来到RM0.50.

sunday365

我错了。。如果到时候母股来到 RM3.80 那凭单价就会RM1.20以上！

发啊！

Kenny3160

回复 2430# sunday365


    warrant怎么玩？

sunday365

回复  sunday365


    warrant怎么玩？
Kenny3160 发表于 12-4-2010 10:59 PM

  要有耐心。最好别玩。真的要玩？请参考专家的 - http://www.warrants.com.my/english2/

sy132100

虽然我去掉了，不过我看这只股肯定会有表现！！！

Hoga

何时才能突破RM3.00？为何今天排卖RM3.01 有 3百万股？

tenli

为什么还没有动静...
我是新手, 才刚那到trading a/c... 不懂要不要集中在这只股

cucumber01161

上次agent寄给我的MB report, TP 3.80
在2.87买了，可是不懂几时才真的3.80呢！！
10年后就了...
那各位大大呢，你们心中的TP又是多少呢？